According to the OECD’s Q2 report of the world’s largest economies, the ...

According to the OECD's Q2 report of the world's largest economies, the US is the first and only G7 economy to return to its pre-COVID crisis size. The report notes that the 38 member countries of the OECD have also not reached pre-crisis levels in aggregate. While the UK recorded the fastest growth among G7 economies in Q2, it also has the largest gap to close to return to pre-pandemic output levels.

Cumulative GDP change from Q4 2019 to Q2 2021

0.8%

OECD total: (-0.7%)

(-1.5%) (-1.1%) (-1.0%)

(-4.4%)

(-3.8%)

(-3.3%)

(-3.3%)

(-3.0%)

(-2.6%)

UK

Italy

France Germany Euro

EU

Japan Canada

G-7

US

Area

Source: (1) Bloomberg "US Economy Wins the G-7 Race to Return to Normal" (August 30, 2021). OECD.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download